$3 million awaits Rhode Islanders that failed to file 2012 returns

The Internal Revenue Service (IRS) announced that federal income tax refunds totaling $950 million may be waiting for an estimated 1 million taxpayers who did not file a federal income tax return for 2012. To collect the money, those taxpayers must file a 2012 tax return with the IRS no later than this year’s April […]

Know IRS health insurance regulations before filing 2015 federal income taxes

  The Affordable Care Act requires you and each member of your family to have minimum essential health insurance coverage; qualify for an insurance coverage exemption; make an individual shared responsibility payment for months without coverage; or claim an exemption when you file your federal income tax return. You, your spouse or your dependents may […]

Income tax filing assistance runs deep in Ocean State

More than 70 free tax preparation sites are open in Rhode Island as the Internal Revenue Service (IRS) continues to expand its partnerships with nonprofit and community organizations. The sites provide vital tax preparation services for low- to moderate-income and elderly taxpayers. The IRS Volunteer Income Tax Assistance (VITA) Program offers free tax help generally […]

IRS will train volunteers how to file tax returns

If you ever wonder how to make a difference and help people in your community, then becoming a tax volunteer may be just right for you. The Internal Revenue Service (IRS) is looking for people to provide free tax help in 2016. You will receive all the tax training you need so you can help […]

IRS site offers taxpayers options for several issues

Summertime or anytime, get the tax help and information you need on IRS.gov. Our many online tools and services make it easy for you to do business with the Internal Revenue Service. Here are the top reasons to visit IRS.gov this summer: • Use IRS free file: If you still need to file your 2014 tax return and you […]

Advice for filing amended returns

Have you found that you made an error on your federal tax return? If so, you may need to file an amended return. Here are 10 tips that can help you file. 1. Use Form 1040X, Amended U.S. Individual Income Tax Return, to correct your tax return. You must file a paper Form 1040X; it cannot […]

Suggestions issued to protect identity

Tax scams take many different forms. Recently, the most common scams are phone calls and e-mails from thieves pretending to be from the Internal Revenue Service (IRS). They use the IRS name, logo or a fake Web site to try to steal your money. They may try to steal your identity, too. Here are several […]

Check for exemptions from health care coverage

It’s always a good idea to prepare early to file your federal income tax return. Certain provisions of the Affordable Care Act (ACA) – also known as the health care law – will probably affect your federal income tax return when you file this year. You or your tax professional should consider preparing and filing your […]

IRS posts information on motor vehicle deductions

The Internal Revenue Service (IRS) issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Effective for Jan. 1, the standard mileage rates for the use of a car, van, pickup or panel truck will be 57.5 cents per mile for […]

Check insurance exemptions under ACA

The individual shared responsibility provision of the Affordable Care Act requires you and each member of your family to have qualifying health insurance coverage, also called minimum essential coverage; qualify for an exemption; or make an individual shared responsibility payment when you file your federal income tax return. Many people already have minimum essential coverage […]